ProphetsWhy the U.S. Treasury Likes a Weak DollarSince low yields can't entice investors, the chance of future currency appreciation might.by Steven EnglanderMore stories by Steven EnglanderRead More
Put buying has been popular on Canadian Solar stock in recent weeksSolar stocks are in the news today, after GTM Research slashed its U.S. solar power installations forecast in the wake of President Trump's solar panel tariffs. In addition, brokerage firm UBS weighed in on several solar stocks, including initiating coverage on Canadian Solar Inc. (NASDAQ:CSIQ) with a "sell" rating and $15 price...Read More
ULAANBAATAR, March 16 (Reuters) - Annual revenue from Mongolia's giant Oyu Tolgoi copper-gold mine fell 22 per cent last year, the Rio Tinto unit in charge of the project said, with construction delays leaving it unable to take full advantage of higher prices.Oyu Tolgoi booked $939.8 million in revenue for 2017, down from $1.2 billion the previous year, Turquoise Hill Resources said in its 2017 fi...Read More
The blue-chip index has erased earlier losses to trade up triple digitsThe Dow Jones Industrial Average (DJI) has traded in a 174-point range on both sides of breakeven so far today, last seen in positive territory as D.C. drama takes a backseat to a relatively upbeat round of economic data. Specifically, the University of Michigan's consumer sentiment index surged to a 14-year peak of 102 in Marc...Read More
MUMBAI/BENGALURU, March 16 (Reuters) - Weaker demand in India prompted gold dealers to offer discounts for a second week straight, as a drop in local prices to 2-week lows and a festival failed to lure buyers.Dealers in India were offering a discount of up to $3 an ounce over official domestic prices, unchanged from last week. The domestic price includes a 10 percent import tax."Since retail deman...Read More
(This March 14 story corrects paragraph 15 to add dropped words “not” and “whether” to show Pennsylvania has not provided funding)By Dustin VolzWASHINGTON (Reuters) - Pennsylvania’s tight congressional special election underscores the need for states to replace aging voting machines and use paper ballots as backups to ensure the integrity of vote counts ahead of pivot...Read More
(Kitco News)- After months of speculation, thebig show is almost here and for gold investors, this could be the metal’s bestshot to break out of its current range, according to some analysts.In fact, this is probably themost straight-forward weekly outlook a financial journalist could write becausethe only thing investors are watching next week is the Federal Reserve’smonetary policy m...Read More
Fed search for Dudley's successor narrows to a 'handful' Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not...Read More
Shares of Electronic Arts and Two-Take Interactive are trading right above historical supportVideo game companies have been thrown into the national discussion around gun violence, with industry executives recently meeting with President Trump. Still, technical traders may want to consider Electronic Arts Inc. (NASDAQ:EA) and Take-Two Interactive Software Inc (NASDAQ:TTWO), if historical data is a...Read More
When I firstdiscovered the mining space over fifteen years ago, I became mesmerized by theextreme volatility of the junior miners. After the meteoric rise of the Nasdaqinto the turn of the century had ended, the junior resource penny stocks becameexciting again and lured many momentum junkies into its lair. This high-risk,high-reward sector has been accused in the past of driving investors complet...Read More
(Kitco News) - Thereis little conviction in the gold market as Wall Street and Main Street aresplit on the near-term direction of prices, based on the weekly Kitco News goldsurvey.Thiscomes after both leaned bearish in the last survey and are right so far in thecurrent week. Next week brings a highly anticipated news event - a meeting ofthe U.S. Federal Open Market Committee, which is widely expec...Read More
(Reuters) - Gains in technology and financial stocks lifted Wall Street on Friday but the main indexes were still on track to record losses for the week that was dominated by trade war worries and political uncertainties.Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 14, 2018. REUTERS/Andrew KellyShares of JPMorgan (JPM.N) and Bank...Read More
SEOUL (Reuters) - U.S. President Donald Trump asked South Korean officials to show flexibility in trade negotiations with the United States in a phone call with South Korean President Moon Jae-in, the Blue House said in a statement on Friday.South Korea and the United States were scheduled to hold a third round of talks for amendments to an existing bilateral free trade agreement this week in Wash...Read More
PARIS (Reuters) - President Emmanuel Macron and German Chancellor Angela Merkel meet in Paris to discuss euro zone reform on Friday, their first encounter since her new coalition took office, but they may struggle to find common ground on further change in Europe.Merkel, narrowly re-elected to a fourth term as chancellor, wants to fulfill her incoming government’s pledge to deliver a “...Read More
The gold miners' stocks remain deeply out of favor, trading at prices seen when gold was half or even a quarter of current levels. So many traders assume this small contrarian sector must be really struggling fundamentally. But nothing could be farther from the truth! The major gold miners' recently-released Q4'17 results prove they are thriving. Their languishing stock prices are the resu...Read More
UBS is predicting a big increase in U.S. solar installations in upcoming yearsBrokerage firm UBS initiated coverage on several solar stocks this morning, including First Solar, Inc. (NASDAQ:FSLR), Solaredge Technologies Inc (NASDAQ:SEDG), and JinkoSolar Holding Co., Ltd. (NYSE:JKS). The firm estimated U.S. solar installations will rise to 14.7 gigawatts in 2020, and gave FSLR, SEDG, and JKS "buy"...Read More
Temperatures near negative 24 degrees celsius in Yakutia, the coldest region in Russia, are not putting off would-be treasure hunters who literally saw gold fall from the sky on Thursday. A nine-ton treasure of gold and silver alloy called dor?(C) bars fell from the back of an AN-12 cargo plane flying from Yakutsk to Krasnoyarsk in an area largely at and around the airport, the Siberian Times repo...Read More
OSTK is spiraling, while KODK is soaringShares of Overstock.com Inc (NASDAQ:OSTK) have plunged 11.6% to trade at $42.55, after the company said fourth-quarter revenue fell 13.3% to $456.3 million -- well below the consensus forecast for $526.2 million in revenue. What's more, the company failed to give an update on plans to sell its e-commerce division in order to shift its focus to digital curren...Read More
Credit Suisse's Golub Says Better Economic Data, Less Inflation Fueling MarketsConsumer sentiment in March unexpectedly jumped to a 14-year high after tax cuts boosted disposable incomes, while new tariffs raised inflation expectations and dimmed the outlook, a University of Michigan survey showed Friday.Highlights of Michigan Sentiment (March, Preliminary)Sentiment index rose to 102 (est. 99.3) f...Read More
The shares are exploring record highs after earningsAdobe Systems Incorporated (NASDAQ:ADBE stock is surging today, up 3.8% to trade at $227.25 -- and just off a new record high of $228 -- after the software company reported fiscal first-quarter earnings and revenue above expectations. In response, analysts have heaped praise on ADBE, with no fewer than 11 brokerages upping their price targets, i...Read More